2660 N BOURBON STREET, ORANGE CA 92865

Welcome to 2660 N Bourbon St, Orange—a premium 4-plex in one of the most desirable and rock-solid rental markets in Orange County. This low-maintenance, high-demand investment sits in a neighborhood celebrated for strong tenant retention, steady rental demand, and unbeatable access to freeways, shopping, dining, and essential services. Tucked away on a quiet, low-traffic street, this pride-of-ownership property delivers 4 spacious units, each offering 2 beds and 2 full baths (2 master suites), plus kitchen, dining, living rooms, and private outdoor spaces—patios for ground-floor units and balconies for the uppers. Each unit features in-unit laundry, central A/C, its own private 1-car garage, and 1 uncovered assigned parking space. Utility setup? Absolutely ideal: 5 water meters (yes, 5!), 4 gas meters, and 5 electric meters, keeping tenants responsible for nearly all utilities except trash, exterior lighting, and sprinkler water. For peace of mind, the property is being sold as-is, free and clear of termites with Section 1 clearance done and paid for by the seller, plus a 1-year upgraded home warranty (buyer’s choice) included. With smart layouts, separate utilities, great amenities and a killer location, 2660 N Bourbon St offers a rare chance to grab a top-performing, income-generating asset in the heart of Orange County’s rental powerhouse. This 4-plex benefits from a highly favorable land lease structure—part of a well-managed master lease that covers neighboring 4-plexes and a retail center with a market, boosting long-term neighborhood stability. With over 38 years left on a 99-year lease and a crazy-low rate of just $273 per month ($819.77 quarterly), investors enjoy rock-bottom holding costs, no HOA, and enhanced cash flow—a strong alternative to fee simple ownership that boosts NOI and long-term value.

Listing Courtesy of Enrique Vasquez-Plaza, Century 21 Masters